Dollar skids to two-month low, pound climbs to 15-month peak on wage growth data
Market participants should remember that U.S. data releases still have the capacity to shock: if the core inflation measures surprise to the upside, front-end yields could leg higher once again, and the dollar might stage a surprising rebound.
Dollar tumbles to two-month low; pound hits 15-month high after wage growth data
Karl Schamotta, Chief Market Strategist at Corpay Cross-Border Solutions, discusses the recent Fed meeting, as well as other releases, and how that impacts currency markets.
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